Search Results - subject:"fundamentals"

The single monetary policy and domestic macro-fundamentals: Evidence from Spain

Arghyrou, Michael G.; Gadea, Maria Dolores - In: Journal of Policy Modeling 34 (2012) 1, pp. 16-34

the ECB since 1999 with Spanish macro-fundamentals. We find that in the 1990s Spain implemented successfully a monetary … strategy tailored to its own domestic fundamentals; and by abolishing it to join the euro she has paid a cost in the form of a …

Persistent link: https://www.econbiz.de/10010582608

Exchange rate determination and structural changes in response to monetary policies

Kurihara, Yutaka - In: Studies in Economics and Finance 29 (2012) 3, pp. 187-196

policies in the USA, the Euro area, and Japan. Findings – Exchange rates have been influenced by macroeconomic fundamentals and …

Persistent link: https://www.econbiz.de/10015013655

Updating a classic formula for strategic success: focus, alignment, repeatability and leadership

Leavy, Brian - In: Strategy & Leadership 41 (2012) 1, pp. 18-28

“Masterclass” aims to put attention back on the fundamentals of strategic positioning by analyzing how the insights in four recent …

Persistent link: https://www.econbiz.de/10015016796

Are REITs real estate? Evidence from international sector level data

Hoesli, Martin; Oikarinen, Elias - In: Journal of International Money and Finance 31 (2012) 7, pp. 1823-1850

The aim of this study is to examine whether securitized real estate returns reflect direct real estate returns or general stock market returns using international data for the U.S., U.K., and Australia. In contrast to previous research, which has generally relied on overall real estate market...

Persistent link: https://www.econbiz.de/10010594696

Animal spirits in the foreign exchange market

De Grauwe, Paul; Rovira Kaltwasser, Pablo - In: Journal of Economic Dynamics and Control 36 (2012) 8, pp. 1176-1192

It is traditionally assumed in finance models that the fundamental value of an asset is known with certainty. In this paper we depart from that assumption. We propose a simple model of the exchange rate in which agents have biased and unbiased beliefs about the fundamental rate. We show that...

Persistent link: https://www.econbiz.de/10010599376

Exchange rate determination and structural changes in response to monetary policies

Kurihara, Yutaka - In: Studies in Economics and Finance 29 (2012) August, pp. 187-196

policies in the USA, the Euro area, and Japan. Findings – Exchange rates have been influenced by macroeconomic fundamentals and …

Persistent link: https://www.econbiz.de/10010561129

Permit price dynamics in the U.S. SO2 trading program: A cointegration approach

Boutabba, Mohamed Amine; Beaumais, Olivier; Lardic, Sandrine - In: Energy Economics 34 (2012) 3, pp. 714-722

The aim of this paper is to study empirically the determination and the dynamic behavior of the SO2 permit prices. Previous research focused on ex-post market price analysis without taking weather conditions into account. Therefore, this study attempts to fill a gap in the literature by...

Persistent link: https://www.econbiz.de/10010571706

Credit risk: the role of market, accounting and macroeconomic information - evidence from US firms and a FAVAR model

Apergis, Nicholas; Eleftheriou, Sofia - In: International Journal of Banking, Accounting and Finance 4 (2012) 4, pp. 315-341

This paper examines the role of accounting, market and macroeconomic information in explaining the cross-sectional variation of credit default swap spreads. The study proposes a panel FAVAR methodological approach to combine the additional predictions from a long list of accounting, market and...

Persistent link: https://www.econbiz.de/10010668777

The EMU sovereign-debt crisis: Fundamentals, expectations and contagion

Arghyrou, Michael G.; Kontonikas, Alexandros - In: Journal of International Financial Markets, … 22 (2012) 4, pp. 658-677

behaviour from a ‘convergence-trade’ model before August 2007 to one driven by macro-fundamentals and international risk …

Persistent link: https://www.econbiz.de/10010702731

Resilience of the Turkish Economy During the Global Financial Crisis of 2008

Kilinç, Mustafa; Kilinç, Zübeyir; Turhan, M. Ibrahim - In: Emerging Markets Finance and Trade 48 (2012) S5, pp. 19-34

first show that financial factors and fundamentals were very strong in Turkey before the crisis, and monetary and fiscal … policies responded strongly to the crisis in a countercyclical way. They find that these strong fundamentals and prudent … 2001, when spreads increased significantly due to the weak fundamentals and decreased very slowly. Second, the authors …

Persistent link: https://www.econbiz.de/10010604189